Team Exercise

An American Legend

Macy’s is an iconic American company, but like many brick-and-mortar retailers, it has been struggling to maintain market share. For this exercise, you and your team need to find the company’s most recent financial statements, including the income statement and balance sheet. There are many sources of this data, but one quick source is Morningstar.com. If you enter the company’s ticket symbol, “M,” in the quote box, you will find a report on the company’s stock price as well as a host of other information, such as performance, key ratios and financials. On the financial tab, you can find the income statement and balance sheet for the past five years.

Questions for Discussion

  1. 15-16. Looking at Macy’s income statement, ...

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